Pimco Variable Insurance Trust NPX Annual report of proxy voting record

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT

INVESTMENT COMPANY

Investment Company Act file number 811-8399

PIMCO Variable Insurance Trust

(Exact name of registrant as specified in charter)

840 Newport Center Drive, Newport Beach, CA 92660

(Address of principal executive offices) (Zip code)

R. Wesley Burns,

840 Newport Center Drive,

Newport Beach, CA 92660

(Name and address of agent for service)

Copies to:

Brendan Fox

Dechert LLP

1775 I Street, N.W.

Washington, D.C. 20006

Registrant’s telephone number, including area code: (800) 927-4648

Date of fiscal year end: December 31

Date of reporting period: July 1, 2003 – June 30, 2004

Item 1. Proxy Voting Record

The Proxy Voting Record, stated below, encompasses all Portfolios in the PIMCO Variable Insurance Trust (“PVIT”) except the following Portfolios: All Asset Portfolio, Emerging Markets Bond Portfolio, Long-Term U.S. Government Portfolio, Money Market Portfolio, and Real Return Portfolio, in which there were no proxy votes to report.

(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

Fund
Name

Issuer Name

Exchange
Ticker
Symbol

CUSIP or ISIN

Security
Holder
Meeting
Date

Matter Voted On

Issuer
or
Security
Holder

Proposal

Vote
Cast(Y/N)

Voting
Result:
For,
Against,
Abstain

Vote Cast
“For” or
“Against”
Management
or “Abstain”

Foreign Bond Portfolio (U.S. Dollar-Hedged)

Washington Mutual

N/A

929227TS5

07/18/03

Consent to Amend Pooling And Service Agreement

Issuer

For

Global Bond Portfolio (Unhedged)

Washington Mutual

N/A

929227TS5

07/18/03

Consent to Amend Pooling And Service Agreement

Issuer

For

High Yield Portfolio

Eircom

N/A

28257PAC9

02/04/04

Consent to the proposed amendments in the Indenture

Issuer

For

Eircom

N/A

28257PAB1

02/04/04

Consent to the proposed amendments in the Indenture

Issuer

For

Valentia

N/A

XS0178927389

02/04/04

Consent to the proposed amendments in the Indenture

Issuer

For

Healthsouth Corp.

N/A

421924AR2

N/A

Consent to the proposed amendments in the Indenture

Issuer

Abstain

Healthsouth Corp.

N/A

421924AX9

N/A

Consent to the proposed amendments in the Indenture

Issuer

Abstain

Cadmus Communications

N/A

127587AB9

N/A

Consent to the proposed amendment in the Indenture

Issuer

For

Extendicare Health

N/A

302244AC2

N/A

Consent to the proposed amendment in the Indenture

Issuer

For

Extended Stay America

N/A

30224PAE1

N/A

Consent to the proposed amendment in the Indenture

Issuer

For

Triad Hospital

N/A

89579KAB5

N/A

Consent to the proposed amendment in the Indenture

Issuer

For

Merisant Co.

N/A

58984WAA5

N/A

Consent to the proposed amendments in the Indenture

Issuer

Abstain

Williams Co.

N/A

969457AQ3

N/A

Consent to the proposed amendments in the Indenture

Issuer

For

CMS Panhandle Holding Co.

N/A

12589YAD1

N/A

Consent to the amendments in the Indenture

Issuer

For

CMS Panhandle Holding Co.

N/A

12589YAF6

N/A

Consent to the amendments in the Indenture

Issuer

For

Jet Equipment Trust

N/A

477122AN5

07/25/03

Consent to the amendments in the Indenture

Issuer

For

WorldCOM

N/A

98155KAJ1

08/26/03

Consent to adopt proposed plan of reorganization

Issuer

For

WorldCOM

N/A

98157DAK2

08/26/03

Consent to adopt proposed plan of reorganization

Issuer

For

Hollinger Participation

N/A

435573AA8

10/17/03

Consent to implement call schedule

Issuer

For

Crown Castle

N/A

228227AF1

N/A

Consent to the amendments in the Indenture

Issuer

For

Crown Castle

N/A

228227AD6

N/A

Consent to the amendments in the Indenture

Issuer

For

Garden States Newspapers

N/A

365438AD2

N/A

Consent to the amendments in the Indenture

Issuer

For

QWEST

N/A

74913EAJ9

N/A

Consent to the amendments in the Indenture

Issuer

Abstain

QWEST

N/A

74913EAE0

N/A

Consent to the amendments in the Indenture

Issuer

Abstain

QWEST

N/A

74913EAH3

N/A

Consent to the amendments in the Indenture

Issuer

Abstain

Beverly

Enterprises, Inc.

N/A

087851AQ4

N/A

Consent to the proposed amendments in the Indenture

Issuer

For

Tom Brown, Inc.

N/A

115758AA2

N/A

Consent to the proposed amendments in the Indenture

Issuer

For

Healthsouth Corporation

N/A

421924AX9

N/A

Consent to the proposed amendments in the Indenture

Issuer

For

Hollinger International

N/A

435572AE2

N/A

Consent to the proposed amendments in the Indenture

Issuer

Abstain

Low Duration Portfolio

Pacific Gas & Electric

N/A

694308FT9

09/23/03

Consent to proposed settlement agreement

Issuer

For

Short-Term Portfolio

Washington Mutual

N/A

929227TS5

07/18/03

Consent to Amend Pooling And Service Agreement

Issuer

For

StocksPLUS Growth and Income Portfolio

Enron

N/A

29357YAA1

N/A

Consent to the proposed bankruptcy amendments

Issuer

For

Total Return Portfolio

Washington Mutual

N/A

929227TS5

07/18/03

Consent to Amend Pooling And Service Agreement

Issuer

For

Pacific Gas & Electric

N/A

694308FT9

09/23/03

Consent to proposed settlement agreement

Issuer

For

QWEST

N/A

74913EAH3

N/A

Consent to the amendments in the Indenture

Issuer

Abstain

Total Return Portfolio II

Merrill Lynch Mortgage Investors

N/A

589929VD7

07/25/03

Consent to waive the Servicing Termination Event

Issuer

For

SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

PIMCO VARIABLE INSURANCE TRUST


By:		/s/ R. Wesley Burns
		R. Wesley Burns, Principal Executive Officer

Date: August 24, 2004

Pimco Variable Insurance Trust N-PXAnnual report of proxy voting record